One of the most important ways to protect your financial assets is to have the proper insurance. Umbrella insurance is essential in this regard. If you do not currently have an umbrella insurance plan, you likely have significant gaps in coverage that you’ll want to take care of as soon as possible.
Here are the top 3 things you’re missing if you don’t have umbrella insurance:
Extra coverage for auto insurance
In many situations, getting into an auto accident that causes serious injury and property damage can exceed the amount of coverage that you have for your auto insurance plan. Umbrella insurance will make up the difference with a much larger coverage limit.
Extra coverage for home insurance
The same thing applies to home insurance as it does to auto insurance. With umbrella insurance, you have a much higher limit that will take care of extenuating fees and payments in the event of serious property damage. Similarly, if someone sues you for liability in a personal injury case (perhaps they tripped on uneven steps while entering your house), you will have higher coverage limits with umbrella insurance that will make up the difference.
You may not think of libel and slander as things you need to protect yourself against, but it is certainly possible that someone could sue you for simply repeating a rumor that you heard about them. In some situations, homeowners insurance may cover defamation, but this is not common. Umbrella insurance will generally cover you, however.
Contact Hyman Brown Insurance Agency, Inc.
Are you a resident of Commerce, GA and looking for umbrella insurance in your area? Hyman Brown Insurance Agency, Inc. serves residents in Commerce, GA, and the surrounding areas, and would be happy to speak with you about your options.
To learn more about umbrella insurance in general and to look at our policies and coverage options, give us a call at your convenience or come by our nearest agency location to speak directly with an agent. We look forward to hearing from you!